BTC still bearish.
BTC has reached a key point in the triangle pattern which has been forming since December last year.
BTC needs to overcome major resistance, for a major bull drive to happen.
At this current point the MACD, RSI and 200 MA in the daily, weekly and monthly still bearish.
This bearish pattern could last till the end of the year or even longer.
BTC needs to overcome major resistance, for a major bull drive to happen.
At this current point the MACD, RSI and 200 MA in the daily, weekly and monthly still bearish.
This bearish pattern could last till the end of the year or even longer.
Note
BTC 4/06/2018 @ 1.55PM - large amount of consolidation and with low volumes today, plus divergence in the lower time frames.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.